Setting up billing

This chapter describes how to set up billing parameters in the Billing and Revenue Management application. Billing and Revenue Management offers six options for customer billing: cost plus, pass thru, time and materials, milestone, units of production, and user-defined billing.

Customer billing will vary based on the billing methods you define in your activity structure. As you define your billing options, you can complete the setup tasks to define the billing method at the activity or account category levels, and to define ceilings, retainers, and retention options, if needed.

This chapter describes each billing method and focuses on the common tasks that relate to any of the billing options, including activity billing options, account category billing options, ceilings, retainers, and retention.

Before you set up your billing parameters, you must complete these setup tasks:

• Setting up activities

• Setting up account categories

• Setting up contracts